Crown Equity Holdings Inc. is publicly traded with the symbol CRWE. The Company primarily provides and offers advertising, branding, marketing solutions and services to boost customer awareness, as well as merchant visibility as a worldwide online multi-media publisher. For list of services offered click here

LONDON, UK / ACCESSWIRE / August 18, 2017 /Pro-Trader Daily has just published a free post-earnings coverage on FireEye, Inc. (NASDAQ: FEYE), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=FEYE, following the Company's posting of its Q2 FY17 on August 01, 2017. The cyber security Company's revenue grew 5.95%; operating loss narrowed, while diluted net loss per common share also reduced on a y-o-y basis. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member's account at:

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FireEye reported revenues of $185.47 million in Q2 FY17 compared to $175.04 million in the same quarter of FY16; registering a rise of 5.95% y-o-y. The Company made a gross profit of $118.78 million in the second quarter of FY17 against $107.61 million in Q2 FY16; an increase of 10.38% y-o-y.

The operating loss made by FireEye was $59.43 million in Q2 FY17 against a loss of $127.51 million in Q2 FY16, thereby reducing the loss made by 53.39% on a y-o-y basis.

Net loss made by FireEye attributable to its stockholders in Q2 FY17 was $70.73 million compared to loss of $139.32 million in Q2 FY16; registering a reduction in loss of 49.23% y-o-y. The Company clocked a non-GAAP operating margin of negative 3% in Q2 FY17 compared to negative 20% in the corresponding quarter last fiscal year.

FireEye reported diluted net loss per common share of $0.40 in Q2 FY17 versus $0.86 in Q2 FY16, thereby reducing loss per share by 53.49% y-o-y. However, non-GAAP net loss per share (basic and diluted) was $0.04 for Q2 FY17 compared to $0.33 in Q2 FY16.

The non-GAAP loss per share for FireEye for Q2 FY17 was significantly lower than the Company management's loss guidance of $0.10 to $0.14.

FireEye's Segment Information

The product billings and product subscription billings in Q2 FY17 were $106.07 million compared to a value of $128.15 million in the corresponding quarter last fiscal year, marking a reduction of 17.22% y-o-y. The support and maintenance billings for the Company were $28.29 million for Q2 FY17 versus $36.72 million for Q2 FY16; registering a reduction of 22.93% y-o-y. The billing for FireEye's professional services stood at $37.65 million for Q2 FY17 compared to $31.54 million in Q2 FY16; a rise of 19.37% y-o-y.

Revenues generated by the Company in its product and product subscription segment were $117.54 million in Q2 FY17 compared to $117.12 million in Q2 FY16; registering a marginal growth of 0.36% y-o-y. In the support and maintenance segment, FireEye generated revenues of $34.19 million in second quarter of FY17 against $29.67 million in the corresponding quarter of the last fiscal year; a growth of 15.23% y-o-y. Revenues generated by the Company from its professional services segment were $33.74 million for Q2 FY17 versus $28.25 million in Q2 FY16; a growth of 19.43% y-o-y.

Cash Information

FireEye used $28.42 million in net cash to fund its operating activities in H1 2017 compared to $35.65 million in H1 2016. The Company used $23.23 million in net cash to invest in activities during H1 2017 compared to $191.51 million in H1 of last year. The net change in cash and cash equivalents for H1 2017 was negative $69.23 compared to negative $218.11 million in H1 2016. The cash and cash equivalents at the end of H1 2017 were $154.44 compared to $183.99 in H1 2016.

Outlook

For the third quarter of FY17, FireEye expected that total revenue to be in the range of $183 million to $189 million based on billings expected to be in the range of $190 million to $205 million. The Company also expects its non-GAAP gross margin to be around 73% and the non-GAAP operating margin to be around negative 4% to negative 6%. Non-GAAP net loss per share is expected to be between $0.06 and $0.09 based on an expected positive cash flow from operations of $1 million to $10 million.

For the entire year of 2017, FireEye's guidance on revenue is in the range of $734 million to $746 million, based on its billings expected to be in the range of $745 million to $775 million. FireEye expects non-GAAP net loss per share to be in the range $0.19 to $0.24 and a positive cash flow from operations to be in the range of $1 million to $10 million.

The Company also expects positive non-GAAP operating income in the fourth quarter of 2017.

Stock Performance

On Thursday, August 17, 2017, the stock closed the trading session at $13.99, marginally down 0.50% from its previous closing price of $14.06. A total volume of 4.00 million shares have exchanged hands. FireEye's stock price surged 23.26% in the past six months. Furthermore, since the start of the year, shares of the Company have rallied 17.56%. At Thursday's closing price, the stock's net capitalization stands at $2.53 billion.

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